BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB)
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Why Low Tax Muni Bonds Belong In Your Retirement Portfolio In 2026
Municipal bonds offer tax-exempt income with lower default risk than similarly rated corporate bonds, making them attractive for higher-income investors. Long-duration munis are well-positioned to benefit from a potential decline in long-term interest rates. Closed-end funds provide diversified exposure but vary meaningfully in leverage, credit risk, distribution strategy, and discounts to NAV.
DMB: Vulnerable To High Interest Rates
BNY Mellon Municipal Bond Infrastructure Fund is maintained at a Hold rating due to ongoing sensitivity to high-interest rates and aggressive leverage. DMB offers a 4.6% tax-advantaged yield, attractive for high-income investors seeking federally tax-exempt income, but lacks upside in equity bull markets. Heavy allocation to long-dated municipal revenue bonds and 35% leverage creates significant interest rate risk, suppressing NAV and share price.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 20,489 | $226,200 | $218,412.74 | -$7,787.26 | -3.44% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 873,968 | $9.44M | $9.27M | -$167,157.6 | -1.77% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,155 | $107,033.7 | $107,744.55 | $710.85 | 0.66% |
 Bulldog Investors Bulldog Investors LLP | 400,343 | $4.26M | $4.3M | $40,817.52 | 0.96% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 247,088 | $2.64M | $2.6M | -$35,652.04 | -1.35% |
